Wednesday, April 16 2014 10:54 PM EDT2014-04-17 02:54:16 GMT
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LOUISVILLE, Ky. (WDRB) -- A groundbreaking on Monday morning marked the start of the second phase of the RiverPark Place development along River Road. This phase will cost $23 million and include 162 more apartments, a resort-style recreation plaza overlooking the river, another features.
The full RiverPark Place project is a $120 million development just east of Waterfront Park. It is connected to the park by a walkway, part of the River Walk, which runs through the property to Beargrass Creek.
Developer Steve Poe said Monday, "You're going to see a place people want to visit, people want to come to live, a place that's close to our urban core, and in the park. And all of that would not have been possible had it not been for vision and big ideas."
Young professionals, empty nesters, and people over 50 years old have shown interest in the apartments. Rents will range from around $595 to $1,100 month.
The entire project covers 42 acres and is expected to take ten to 15 years to complete.